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QUARTERLY INFORMATION (Unaudited) | 12 Months Ended
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Dec. 31, 2012
QUARTERLY INFORMATION (Unaudited) |
QUARTERLY INFORMATION (Unaudited) | 14. QUARTERLY INFORMATION (Unaudited) Segment results by quarter for 2012 and 2011 are listed below (in millions, except per-share amounts):
|  | 2012 |
|  | Q1 |  | Q2 |  | Q3 |  | Q4 |
Revenue: |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 279.5 |  | $ | 299.5 |  | $ | 307.1 |  | $ | 303.7 |
Logistics |  | 86.6 |  | 94.7 |  | 94.3 |  | 94.6 |
Total operating revenue |  | $ | 366.1 |  | $ | 394.2 |  | $ | 401.4 |  | $ | 398.3 |
Operating Income (loss): |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 5.8 |  | $ | 31.2 |  | $ | 32.9 |  | $ | 26.7 |
Logistics services |  | 0.3 |  | 1.3 |  | 1.3 |  | (2.8 | )
Total operating income |  | 6.1 |  | 32.5 |  | 34.2 |  | 23.9 |
Interest Expense |  | (2.0 | ) | (1.9 | ) | (4.0 | ) | (3.8 | )
Income From Continuing Operations before Income Taxes |  | 4.1 |  | 30.6 |  | 30.2 |  | 20.1 |
Income tax expense |  | 2.1 |  | 15.3 |  | 11.2 |  | 4.4 |
Income From Continuing Operations |  | 2.0 |  | 15.3 |  | 19.0 |  | 15.7 |
Discontinued Operations(1) |  | 1.4 |  | (7.5 | ) | 0.1 |  | (0.1 | )
Net Income |  | $ | 3.4 |  | $ | 7.8 |  | $ | 19.1 |  | $ | 15.6 |
Income From Continuing Operations |  |  |  |  |  |  |  |  |
Earnings Per Share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  | $ | 0.36 |  | $ | 0.45 |  | $ | 0.37 |
Diluted |  | $ | 0.05 |  | $ | 0.36 |  | $ | 0.45 |  | $ | 0.37 |
Net Income |  |  |  |  |  |  |  |  |
Earnings Per Share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  | $ | 0.18 |  | $ | 0.45 |  | $ | 0.37 |
Diluted |  | $ | 0.08 |  | $ | 0.18 |  | $ | 0.45 |  | $ | 0.36 |
|  | 2011 |
|  | Q1 |  | Q2 |  | Q3 |  | Q4 |
Revenue: |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 238.4 |  | $ | 274.3 |  | $ | 281.4 |  | $ | 282.1 |
Logistics |  | 91.3 |  | 103.1 |  | 99.2 |  | 92.8 |
Total operating revenue |  | $ | 329.7 |  | $ | 377.4 |  | $ | 380.6 |  | $ | 374.9 |
Operating Income (loss): |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 5.2 |  | $ | 27.1 |  | $ | 28.9 |  | $ | 12.5 |
Logistics services |  | 1.5 |  | 2.1 |  | 2.0 |  | (0.7 | )
Total operating income |  | 6.7 |  | 29.2 |  | 30.9 |  | 11.8 |
Interest Expense |  | (1.9 | ) | (1.9 | ) | (1.9 | ) | (2.0 | )
Income From Continuing Operations before Income Taxes |  | 4.8 |  | 27.3 |  | 29.0 |  | 9.8 |
Income tax expense |  | 1.8 |  | 9.6 |  | 10.6 |  | 3.1 |
Income From Continuing Operations |  | 3.0 |  | 17.7 |  | 18.4 |  | 6.7 |
Discontinued Operations(1) |  | 2.2 |  | 1.0 |  | (9.7 | ) | (5.1 | )
Net Income |  | $ | 5.2 |  | $ | 18.7 |  | $ | 8.7 |  | $ | 1.6 |
Income From Continuing Operations |  |  |  |  |  |  |  |  |
Earnings Per Share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  | $ | 0.42 |  | $ | 0.44 |  | $ | 0.16 |
Diluted |  | $ | 0.07 |  | $ | 0.42 |  | $ | 0.44 |  | $ | 0.16 |
Net Income |  |  |  |  |  |  |  |  |
Earnings Per Share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.12 |  | $ | 0.45 |  | $ | 0.21 |  | $ | 0.04 |
Diluted |  | $ | 0.12 |  | $ | 0.44 |  | $ | 0.21 |  | $ | 0.04 |
(1)See Note 2 for discussion of discontinued operations.

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